Market regulator severely understaffed: Kotak panel

Recommends beefing up Sebi's employee strength

The Securities and Exchange Board of India’s (Sebi’s) experts’ panel on corporate governance has recommended enhancing employee capacity at the market regulator to enable better monitoring and enforcement. 
 

Drawing comparisons with the Securities and Exchange Commission (SEC), the market regulator for US equities, the panel emphasized the domestic market regulator was severely under-staffed. 
 

The panel said the SEC has one employee for each listed company; in comparison, Sebi has just one employee for six listed firms. Further, in the corporate finance department — which handles key functions — the SEC has 15 times more employees than Sebi. The total staff